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Adam Jackson

๐Ÿ‘ค Speaker
632 total appearances

Appearances Over Time

Podcast Appearances

SaaS Interviews with CEOs, Startups, Founders
BrainTrust is Fiverr Owned by The Talent via Crypto Token

When you write your smart contract in Solidity and then compile it and run it on Ethereum, one of the inputs is how many tokens are there ever allowed to be in existence.

SaaS Interviews with CEOs, Startups, Founders
BrainTrust is Fiverr Owned by The Talent via Crypto Token

Once that contract is pushed to the blockchain, there's no changing it unless people decided to start over and we started from scratch on a different network.

SaaS Interviews with CEOs, Startups, Founders
BrainTrust is Fiverr Owned by The Talent via Crypto Token

But that's locked into the blockchain now.

SaaS Interviews with CEOs, Startups, Founders
BrainTrust is Fiverr Owned by The Talent via Crypto Token

And that's what gives the token scarcity, right?

SaaS Interviews with CEOs, Startups, Founders
BrainTrust is Fiverr Owned by The Talent via Crypto Token

That means I can't change my mind later and dilute everybody and dilute our members and that kind of thing.

SaaS Interviews with CEOs, Startups, Founders
BrainTrust is Fiverr Owned by The Talent via Crypto Token

That's where the blockchain comes in, right?

SaaS Interviews with CEOs, Startups, Founders
BrainTrust is Fiverr Owned by The Talent via Crypto Token

You just can't rewrite that.

SaaS Interviews with CEOs, Startups, Founders
BrainTrust is Fiverr Owned by The Talent via Crypto Token

It's immutable.

SaaS Interviews with CEOs, Startups, Founders
BrainTrust is Fiverr Owned by The Talent via Crypto Token

And that's why this is a new business model that couldn't have been done before blockchain tech.

SaaS Interviews with CEOs, Startups, Founders
BrainTrust is Fiverr Owned by The Talent via Crypto Token

Yeah, great.

SaaS Interviews with CEOs, Startups, Founders
BrainTrust is Fiverr Owned by The Talent via Crypto Token

Great question.

SaaS Interviews with CEOs, Startups, Founders
BrainTrust is Fiverr Owned by The Talent via Crypto Token

So so so even today, before the live token is actually on the blockchain, we're still on testnet today.

SaaS Interviews with CEOs, Startups, Founders
BrainTrust is Fiverr Owned by The Talent via Crypto Token

We've we actually have thousands of people working toward earning credits that will convert into our token.

SaaS Interviews with CEOs, Startups, Founders
BrainTrust is Fiverr Owned by The Talent via Crypto Token

Right.

SaaS Interviews with CEOs, Startups, Founders
BrainTrust is Fiverr Owned by The Talent via Crypto Token

So we just keep track of them in a database.

SaaS Interviews with CEOs, Startups, Founders
BrainTrust is Fiverr Owned by The Talent via Crypto Token

But these are people that are developers, designers, building the marketers, people making introductions to clients.

SaaS Interviews with CEOs, Startups, Founders
BrainTrust is Fiverr Owned by The Talent via Crypto Token

They're all earning credits.

SaaS Interviews with CEOs, Startups, Founders
BrainTrust is Fiverr Owned by The Talent via Crypto Token

credits that will convert into this token when we launch next year.

SaaS Interviews with CEOs, Startups, Founders
BrainTrust is Fiverr Owned by The Talent via Crypto Token

So when we launch, a big portion of the tokens will already have been spoken for and will be distributed to these folks that have been helping us for two years now.

SaaS Interviews with CEOs, Startups, Founders
BrainTrust is Fiverr Owned by The Talent via Crypto Token

The rest that have been unallocated will sit in treasury.